M&A Deal Summary

Duke Energy Renewables Acquires SolAmerica Energy - 4.7 megawatts Solar Projects

On September 7, 2016, Duke Energy Renewables acquired renewable energy company SolAmerica Energy - 4.7 megawatts Solar Projects from SolAmerica Energy

Acquisition Highlights
  • This is Duke Energy Renewables’ 2nd transaction in the Renewable Energy sector.
  • This is Duke Energy Renewables’ 2nd transaction in the United States.
  • This is Duke Energy Renewables’ 1st transaction in Georgia.

M&A Deal Summary
Date 2016-09-07
Target SolAmerica Energy - 4.7 megawatts Solar Projects
Sector Renewable Energy
Buyer(s) Duke Energy Renewables
Sellers(s) SolAmerica Energy
Deal Type Divestiture

Target

SolAmerica Energy - 4.7 megawatts Solar Projects

Atlanta, Georgia, United States
SolAmerica Energy LLC - 4.7 megawatts Solar Projects includes Hancock County Solar Farm in Sparta, Ga.: 1 MW direct current (DC) / 769 kW AC, Johnson County Solar Farm in Wrightsville, Ga.: 1 MW DC / 769 kW AC, Ware County Solar Farm in Waycross, Ga.: 1 MW DC / 769 kW AC, Wilcox County Solar Farm in Abbeville, Ga.: 1 MW DC / 769 kW AC, Decatur County Solar Farm I In Bainbridge, Ga.: 1 MW DC / 769 kW AC, Decatur County Solar Farm II In Bainbridge, Ga.: 1.1 MW DC / 834 kW AC.

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Buyer(S) 1

Buyer

Duke Energy Renewables

Kansas, United States
Category Company
Founded 2007
Sector Renewable Energy
DESCRIPTION

Duke Energy Renewables LLC is a provider renewable energy services.

DEAL STATS #
Overall 2 of 4
Sector (Renewable Energy) 2 of 4
Type (Divestiture) 2 of 4
State (Georgia) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 REC Solar

San Luis Obispo, California, United States

REC Solar, Inc. is a provider of residential solar electric system design and installation with a local presence in all major solar markets in the U.S. By providing innovative products, efficient processes and integrated services, REC Solar’s residential solar solutions deliver high-quality systems while lowering the cost of solar power for all.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-08 juwi - Solar Power Project

Boulder, Colorado, United States

juwi, Inc. - Solar Power Project is a provider of 13-megawatt Victory Solar Power Project in Adams County, Colorado.

Buy -

Seller(S) 1

SELLER

SolAmerica Energy

Atlanta, Georgia, United States
Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

SolAmerica Energy LLC is a provider of solar photovoltaic (PV) projects for commercial, industrial, and government clients. SolAmerica's core competencies include site assessment, solar finance, system design and engineering, procurement, turnkey installation, testing, system monitoring, and operations and maintenance.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
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